MON, DEC 18 2023-theGBJournal| The Nigerian equities market rebounded after the previous session’s pullback as the benchmark Index gained 0.02% to close at 72,404.91 points.
Renewed interest in UBA (+0.41%) , WAPCO (+0.50%), and FIDELITYBK (+2.65%) pushed the broader index into a positive territory, outweighing losses in GTCO (-0.75%), STANBIC (-1.52%), and DANGSUGAR (-0.17%).
Consequently, the year-to-date (YTD) return rose to 41.27%, while market capitalization gained N8.58 billion to close at N39.62 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 33.03%. A total of 324.25 million shares valued at N4.40 billion were exchanged in 6,745 deals.
MBENEFIT (-4.00%) led both the volume chart with 42.08 million units traded while UBA (+0.41%) led the value chart with deals worth N689.91 million.
Market breadth closed negative at a 2-to-1 ratio with declining issues outnumbering the advancing ones. ABCTRANS (-9.89%) topped thirty-one others on the laggard’s table while INFINITY (+9.93%) led fifteen others on the leader’s log.
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